Macom sees Q4 adjusted EPS 53c-57c, consensus 54c

Sees Q3 revenue $148M-$152M, consensus $148.83M. The company said, “For the fiscal fourth quarter ending September 29, 2023, MACOM expects revenue to be in the range of $148 million to $152 million. Adjusted gross margin is expected to be between 59.0% and 61.0%, and adjusted earnings per diluted share is expected to be between $0.53 and $0.57 utilizing an anticipated non-GAAP income tax rate of 3% and 71.5 million fully diluted shares outstanding.”